Debt Impasse: Fake and Real...

[redcliffsw]

The bills are now coming due. The voters demand that the promises be fulfilled by the government at pain-free tax rates. This cannot be done if Treasury interest rates rise. Ultimately, it cannot be done even at low rates. Social Security and Medicare are both in negative cash flow conditions.
-Gary North

http://lewrockwell.com/north/north1013.html

[Teresa]

Its gonna get ugly~~~~~~~~~~~~~~~~~~~~~~